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LOCO IPO Soars To Insane 20x EBITDA Multiple
The "fear of missing out" (on the next Chipotle) is strong with this one as El Pollo Loco (LOCO) IPO'd at $15 on Friday, opened at $19 and today explodes to almost $33 at a mind-numbing ~20x EBITDA (market cap over $1.2 billion on a $53 million EBITDA)... crazy chicken indeed...
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that blue meth is money maker.
OMG chicken!!! What an amazing invention! I can't wait to buy some!
Clearly, Tyler doesn't understand how complicated it is to boil a damn chicken.
They've got the patent right? Right?
If a company without any assets can go to 5 billion then LOCO can probably jump as high as 5 trillion.
It will probably happen by close of trade this Friday! Go LOCO and than you Yellen!
And what happened to Koo Koo Roo Chicken?
At least $5 trillion, if not quadrillions. Why not? Money is free.
Damn! I should have incorporated. I, too, have no earnings! Then again, surely that wouldn't matter these days ... everyone get yiz a PT IPO! ...
Seems like only a year or two ago when Max Keiser was telling everyone, "A banking licence only costs five hundred bucks and it is a licence to legally steal money! If you're unemployed then you should get a banking licence!"
Now if you're unemployed, you should incorporate and offer an IPO. Or maybe that would be a good complement to your newly minted banking licence.
Instead of "work for the dole" programs we could have "incorporate and IPO for the dole" programs ...
Yes, they got the patents for free courtesy of Saint Elon Musk. His holiness and sole saviour of our planet has invented elctricity powered chicken that roast themselves slowly while still alive. Absolutely amazing stuff. I think anyone should buy moar of the stock. don't be chicken!
Do they come with a bell that goes off that says "I'm done"?
Should I cover my CYNK short?
http://www.youtube.com/watch?v=4RJxYH6d15s
There's only 1 fast food Co. That deserves this kind of attention!
In n Out........!
Double Double...bitchez
Habit Burger is what happens when an In-n-Out burger goes to college.
Why do they wait for you to order before they cook it? They see 10 cars in line and they only have 2 things on the menu!
Gustaf Fring for President!
We need a business man, not a fucking lawyer.
The Crazy Chicken?
I have a great idea for a Mascot. It involves a sock.
pods
...or this guy: http://www.youtube.com/watch?v=36BQtaw77dE
One of their slogans - "Go cluck yourself!"
It's the new Chipolte. This shit is going to be $700 a share by September.
So, "In and Out" strategy then.
People are strange
When you're a stranger
Faces look ugly when you're alone.
Women seem wicked
Everything wanted...
Not bad buddy....not bad....I think this one is says it all.....
"alright man, alright.....I dont know about you man but I'm going to get my KICKS before the WHOLE SHIT-HOUSE GOES UP IN FLAMES....ALRIGHT!!"
American Prayer- J.M. (must own album!)
It's nothing new, they've existed in so cal since the 80's at least. The problem I see is with this IPO their food will probably go downhill fast.
Ditto in AZ. I remember when they expanded into Phoenix. Unimpressed. Yet another chicken joint.
Buy muther fuckers! Buy! Yellen to start printing coupons that will be peddled through Groupon for enchilada Tuesdays!
The Pollo isn't so Loco when the La Pucha Loca has your back!
They didn't get that LOCO symbol for nuthin'
Hmmmmm..... where have I seen this before? Well we do have a new wave of immigrants to help support future sales.
Anyone that actually has been into one knows this is certainly not the next Chipotle. In California El Pollo Loco is known as a shit.. It has to be the nastiest fast food chain in the country.
Chipolte is $0.15 worth of beans and rice slopped into a tortilla that they sell to you for $8. What's the difference?
About 19 billion in market cap.
The harder they fall. I can better mexican at an authentic joint in dozens of places around Denver for a quarter of the price of Chipolte. Why people go there is beyond me.
and ALL THEIR SHIT IS COLD TO BOOT!
who eats a cold burrito (except the day after hungover?)
Always loved Pollo Loco, much better than McDonald's version of Mexican, but that ramp is just plain crazy. Still doesn't have the market cap of CYNK.
"Keep fucking that chicken!"
http://www.youtube.com/watch?v=X7XbukdoGmM
"Did you see the size of that chicken?!"
www.youtube.com/watch?v=11rsHQ15gE0&feature=youtu.be&t=3m18s
They can thank Obama for providing them with about 5 million new customers arriving daily.
the jooooooooooooooos are behind it.... or bush or christie, maybe some education camps eh democrats. damn it must be a struggle being so damn smart. mine struggle
Well Mr Wonder, I don't know about Bush and Christie, but your former assumption is a very safe one indeed. You see whenever theres shenanigans afoot it is a safe assumption that if one flips a rock they will usually find one hiding under it!:-)
actually, who do you think made alot of shekels from underwriting this POS IPO, and then giving their "best" clients an allocation at par so they could flip it in this bullshit "market" ... the jooooos!
ding ding ding... you win a free dreidel for the Holidays!
chipotle food is a joke. My daughter likes to eat there. Food is always lukewarm,, way over priced and your typical meat and beans joint. Wow you can get your beans and meat in a bowl with real "guacomole" WOW. What a joke
Animal spirits alive and thriving thanks to the Fed.
Hopefully the animal doesn't take a giant #2 before one realizes that Loco has had SSEVEN straight years of losses.
#btfdkids
Greater fool theory is what makes the USA the giant ponzi scheme fewer and fewer kleptocrats get to enjoy.
Bankruptcy and unemployment is for quitters. Winners borrow and IPO!
Insane.
Time to close my brokerage account. The only way to ensure that someone else is left "holding the bag" in this Looney Tunes allegedly "free" market.
...
30 minutes of hold, conversation and sales pitch.... = account closed.
What a nice feeling.
just out of curiousity, what were their main points in the sales pitch and rebuttals, etc?
Not exact wording but along the lines of:
Market is going up! <- Well past the top for sane investors.
How will you achieve your investment goals? <- Work our farm.
You have never used your margin, would you consider keeping the account without the ability to use margin? <- No, margin was strictly for options.
A lot of pleasantries, not a bad experience - no account termination fee either - got a confirmation number and that was that.
Overall, no complaints from my end.
Good work SMC......today, tomorrow, etc.....it will seem like a mistake but you are wise, it's a coming-coming!"
"Sun shines.....people forget.......girl smiles........people forget.......FORGET THEIR HIDING behind the emience front"
Truly, a put on!
LOCO ???
If you don't get the joke, you're the joke; the Greater Fools Greater Fool.
BTW, I hear you can still get some TWTRQ really cheap.
Now that's "LOCO"!
Unbelievable.
Holy Guacamole, Batman! Putting in all my life-savings. This is a SURE bet, how could you go wrong?... People gotta eat...
This shit is getting OBSCENE
It's going to the moon - rumor has it that El Pollo Loco CURES Ebola...
GARP
The smucks think this is another Chipolte and it's not. We have them here in Arizona and i wonder if they get their chickens from Mexico.....Very little meat and not that appetizing. When I saw them going public, I thought it was brilliant timing after Chipoltes blowout earnings. Too bad they are nothing more then a KFC with baked chicken.
They have some nice 1,500 calories burritos.
Well its not like there's anybody else selling chicken like products.....
the name of the game is to stay away from dogshit plays like this
there are other things to trade that don't get pushed around by 2-3 banks - yes, that includes you GS and you too JPM
guess i won't be eating there again... nothing like cutting corners and squeezing profits when it comes to food. chinese chicken anyone? el polio loco will be using these lyrics in their commercials real soon:
"Chickity China the Chinese chicken
You have a drumstick and your brain stops tickin'"
I'm long LOCO but prefer chipotle, bad mexican food at 65 times earnings, wake me up when this is over...lol
At least The Crazy Chicken is actually a good place to eat, unlike Chipotle with their bullshit rice burritos.
How to double your money in 24hrs.
Fucking pathetic.